Umicore (OTCMKTS:UMICY) Downgraded to Hold Rating by Berenberg Bank

Umicore (OTCMKTS:UMICY) was downgraded by investment analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on UMICY. Kepler Capital Markets cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research report on Friday. Finally, Zacks Research raised shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Umicore Price Performance

Shares of Umicore stock opened at $6.22 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. Umicore has a 12 month low of $3.37 and a 12 month high of $7.68. The business has a fifty day simple moving average of $6.33 and a 200 day simple moving average of $5.60.

About Umicore

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.